Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt

Schedule of maturities of long-term debt

As of March 31, 2020, the Company’s long-term debt balance was as follows (dollars in thousands):

	Annual	March 31,		December 31,
	Interest Rate	2020		2019
Term loan (matures October 1, 2023)	7.85%	$	10,000	$	10,000
Debt issuance costs, net of amortization			(208)		(222)
Accrued final payment fee			40		16
Long-term debt, net		$	9,832	$	9,794

Schedule of minimum future debt payment obligation

The following table summarizes the Company’s minimum future debt payment obligations including principal and final payment fee as of March 31, 2020 (in thousands):

Year Ending December 31:	Amount
2020 (remaining nine months)	$	—
2021		833
2022		5,000
2023		4,452
Total	$	10,285